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Restaurant transactions are up despite lower average spend

Consumer spend in restaurants and pubs was up 11 per cent year-on-year in November according to the latest Barclaycard data. Through summer, there was a brief slowdown in spending but over the course of the year, consumer spending rose.

The average transaction value for the year is down 7.6 per cent on 2016 but this was helped by a 19 per cent increase in the number of transactions. Basically, the amount customers are spending on their trip to a restaurant has decreased on average. Despite spending less on each visit, the overall restaurant spend was up because people are visiting more frequently.

Comparatively to other industries, restaurants have performed well. Clothing spend saw a negative of -0.9 per cent and airlines also fell 2.8 per cent. Consumer spending overall did not fare quite as well as restaurants, growing only 2.8 per cent year-on-year in November.

Restaurants online market is growing

Not only has in-store spending grown, a faster-growing area of the restaurant industry is online. With more customers opting for delivery and click and collect services, online sales are up a staggering 20 per cent in restaurants compared to last year.

It’s up to restaurants to ensure members of staff are trained and competent in using software to manage online orders as well as those in-store.

Finding the best furniture for restaurants

With a higher turnover of customers, it’s likely that you will soon begin to notice signs of wear and tear on your restaurant’s furniture. As there are more transactions in-store, additional seating may also be needed to cope with the higher amount of customers eating out.

The turn of the year can be the perfect time to give your restaurant a refresh with new furniture and a lick of paint. Browse our restaurant chairs and tables or call us today on 0116 2983 569